S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) Short Interest Update

S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) was the recipient of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totaling 34,488 shares, a decrease of 42.5% from the November 30th total of 59,975 shares. Approximately 1.8% of the company’s stock are short sold. Based on an average daily volume of 42,472 shares, the short-interest ratio is currently 0.8 days. Based on an average daily volume of 42,472 shares, the short-interest ratio is currently 0.8 days. Approximately 1.8% of the company’s stock are short sold.

S&P 500 Covered Call & Growth ETF Stock Down 7.3%

Shares of XYLG traded down $2.17 during midday trading on Tuesday, hitting $27.65. The company had a trading volume of 28,953 shares, compared to its average volume of 25,015. The stock has a market cap of $51.71 million, a price-to-earnings ratio of 25.30 and a beta of 0.78. The company’s 50 day moving average price is $29.38 and its 200 day moving average price is $28.57. S&P 500 Covered Call & Growth ETF has a 52 week low of $23.07 and a 52 week high of $29.91.

S&P 500 Covered Call & Growth ETF Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, January 7th. Investors of record on Tuesday, December 30th will be paid a dividend of $2.1406 per share. This represents a c) dividend on an annualized basis and a yield of 92.9%. The ex-dividend date is Tuesday, December 30th. This is an increase from S&P 500 Covered Call & Growth ETF’s previous monthly dividend of $0.12.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in S&P 500 Covered Call & Growth ETF stock. Farther Finance Advisors LLC raised its holdings in shares of S&P 500 Covered Call & Growth ETF (NYSEARCA:XYLG) by 17.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,319 shares of the company’s stock after acquiring an additional 2,168 shares during the period. Farther Finance Advisors LLC owned approximately 0.75% of S&P 500 Covered Call & Growth ETF worth $394,000 as of its most recent SEC filing.

S&P 500 Covered Call & Growth ETF Company Profile

The Global X S&P 500 Covered Call & Growth ETF (XYLG) is an exchange-traded fund that is based on the Cboe S&P 500 Half BuyWrite index. The fund tracks an index of S&P 500 stocks and sells one-month, at-the-money call options on up to 50% of each stock. XYLG was launched on Sep 18, 2020 and is managed by Global X.